Rosetta for Energy Solutions inks an MoU with Elsewedy Industrial Development for LNG Supply in Tanzania

Rosetta for Energy Solutions inks an MoU with Elsewedy Industrial Development for LNG Supply in Tanzania

Rosetta for Energy Solutions, a subsidiary of TAQA Arabia specializing in investment, development, and operation of LNG value chains, has announced the signing of a memorandum of understanding (MoU) with Elsewedy Industrial Development, a subsidiary of Elsewedy Electric, specialized in developing, managing, and operating state-of-the-art industrial cities.

Rosetta for Energy solution is set to supply natural gas to (El Sewedy Industrial City – EIC) in Tanzania via a first-of-its-kind innovative LNG Virtual Pipeline. This agreement will significantly bolster the energy infrastructure of EIC, the first and fully integrated industrial hub in Africa.

The signing ceremony was attended by Richard Makanzo, Tanzania’s Ambassador to Egypt; Khaled Abubakr, Chairman of TAQA Arabia; Ahmed Elsewedy, President & CEO of Elsewedy Electric; Pakinam Kafafi, CEO of TAQA Arabia; Karim Shaaban, Managing Director of Rosetta for Energy Solutions; and Mohamed AlKammah, CEO of Elsewedy Electric, Infrastructure Investments Sector.

Earlier this month, Rosetta for Energy Solutions, in collaboration with its partners Tanzania Petroleum Development Company (TPDC) and Africa50, signed a joint venture agreement Heads of Terms with the Tanzanian government to invest, develop, and operate Tanzania’s first LNG Virtual Pipeline.

Through this ambitious project, the partners plan to develop and invest in a small-scale liquefaction facility in Dar Es Salaam with LNG trucked using specialized containers to the EIC facility 100 km away. LNG will then be regasified and made available for the industrial city clients to use for direct energy processes or electricity. Together this value chain forms what is known as the “LNG virtual pipeline” replacing traditional fixed infrastructure pipelines with a more flexible and cost-effective approach.

“We are delighted to join hands with Elsewedy Industrial Development in Tanzania. Elsewedy’s remarkable success in the Julius Nyerere hydro dam project has paved the way for Egyptian companies to establish a strong presence in Tanzania. Our vision is to create an energy hub in Tanzania, deploying TAQA Arabia’s comprehensive energy solutions across gas, power, renewables, and utilities. We aim to provide competitively priced and reliable energy to Tanzanian businesses and residents, fostering sustainable growth in industrial sectors and enhancing prosperity for the local community. We are replicating this same model elsewhere in Africa, such as in Mauritania, where we are implementing similar LNG supply solutions for industrial operations, further solidifying our commitment to energy innovation and regional development,” Shaaban commented.

AlKammah remarked on the strategic importance of this partnership, saying: “This collaboration underscores our commitment to driving industrial growth and economic development in Tanzania. By leveraging our expertise in building and operating integrated industrial cities and partnering with Rosetta for Energy Solutions, we are set to develop the infrastructure utilities of Elsewedy Industrial City in Tanzania, ensuring a steady and reliable energy supply. This initiative aligns with our broader vision of fostering an environment where businesses can thrive and contribute to the nation’s progress.”

Moreover, Elsewedy Industrial City strives to attract investments surpassing $400 million from investors throughout the region. This ambitious endeavor aims to generate more than 50,000 employment opportunities, thereby offering substantial support to the country’s industrial growth and manufacturing strategy for 2025.

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Sarah Samir 3501 Posts

Sarah has been writing in the oil and gas field for 8 years. She has a Bachelor Degree in English Literature. She has three years of experience in the banking sector.

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